Stablecoin System on EOS

The bitcash platform allows users to stake EOS in a treasury pool that allows the platform to automatically generate debt tokens (bUSD) that are pegged to US dollars.  The collateralized debt position mechanics are similar to bitUSD on Bitshares & DAI in the MakerDAO system on Ethereum.  However, there are key differences.

What Makes Bitcash Different?

  • Fixed peg & redemption based on price feed VS. soft peg
  • Pooled collateral and auto-generated stablecoins VS. user specified and manually generated
  • Users who stake collateral earn 80% of trading, lending, payment income generated from DAC

What Makes bUSD So Useful?

  • You can spend bUSD as a credit line for goods & services.
  • You do not need to exchange EOS for actual US dollars and incur capital gains tax.
  • If you have a business with upcoming expenses you can use stable bUSD as cash reserves.
  • If you think EOS prices are too high you can temporarily hedge your positions or even short EOS
  • If you are bullish on EOS, you can borrow bUSD to leverage your investment up to 3x.
  • You can trade back and forth between EOS and bUSD to accumulate more value in the long run.
  • Earn multiple forms of income from staking EOS (eg. DAC trading fees, REX, vote rebates)

How Do I Get Started?

It’s easy.  Our first application called 100x allows you to buy bUSD & trade between EOS and bUSD.

All you have to do is click below to get started on our 100x beta app.. It’s coming soon!


Jun Dam, MBA, CFA

Finance Architect & Business Dev

Max Gravitt

Blockchain Architect & Smart Contract Dev

Gabo Esquivel

Frontend Architect & Fullstack Dev